出品｜虎嗅ESG组 作者｜陈玉立 头图｜视觉中国 本文是#ESG进步观察#系列第138篇文章 本次观察关键词：新能源产业 随着特朗普《大而美法案》的通过，美国联邦政府结束了长期以来对太阳能和风能的支持， "我不希望风力发电机摧毁我们的家园，"特朗普在6月29日接受福克斯新闻采访中说道："我也不希 望这些太阳能发电设施绵延数英里，甚至遮盖半座山，那丑陋至极。" 在特朗普的眼中，"大而美"法案的通过是"上任至今最大的胜利"，其原因不只是该法案囊括了特朗普 政府诸多极具争议性的经济政策，更是将拜登时代主推新能源的政治遗产进行了彻底清算。 取而代之的，是特朗普对于化石燃料的拥护。在六月末，特朗普表示美国将依靠石油、天然气、煤炭 和核能来满足日益增长的能源需求。 这份法案造成了更深层的分裂。就在上周，马斯克宣布成立"美国党"，声称要"还给人民自由"。而特 朗普反呛道："这是因为《大而美法案》取消了许多让特斯拉受益匪浅的补贴。" 马斯克与特朗普的隔空互怼仅是法案影响的一面，在硬币的另一面，这份法案对美国甚至全球新能源 产业的影响是巨大的。 另一方面，针对电动汽车领域，《大而美法案》决定自9月30日起终止7500美元的新车 ...

Group 1: Core Perspectives - The BRICS summit in Rio de Janeiro marked the first meeting after the inclusion of new members, emphasizing the importance of youth cooperation as a bridge for cultural exchange and mutual understanding [1][2] - The BRICS declaration reaffirmed commitments to enhance cooperation across three main pillars: political and security, economic and financial, and cultural and human [2][10] - The expansion of BRICS has led to increased opportunities for young expatriates, who are eager to contribute to the BRICS mechanism and foster innovation [5][8] Group 2: Economic and Trade Developments - The inclusion of new BRICS partners has resulted in significant changes, particularly in multilateral dialogue and regional cooperation, enhancing connectivity with emerging economies [3][4] - There is a noticeable increase in Chinese investments in Brazil, with more local consumers opting for Chinese products, especially electric vehicles [2][4] - The BRICS mechanism has facilitated the establishment of new business ventures, such as a Chinese renewable energy company in Thailand, benefiting from tax incentives [4][6] Group 3: Youth Engagement and Innovation - Young expatriates are actively participating in BRICS-related initiatives, leveraging their familiarity with local markets and technologies to enhance cross-border cooperation [5][7] - The younger generation is utilizing new media and technology to promote cultural exchange and business opportunities, such as through e-commerce and social media platforms [7][8] - There is a strong desire among young expatriates to engage in sectors like renewable energy and agriculture, contributing to the development of innovative solutions within the BRICS framework [8][10] Group 4: Future Prospects and Global Governance - The BRICS mechanism is seen as a vital platform for enhancing South-South cooperation and addressing global challenges such as food security and climate change [10] - Young expatriates express optimism about the BRICS' role in global governance, particularly in amplifying the voice of the Global South on international issues [10]

每经编辑｜陈鹏程 王晓波 1 隔夜市场 美股三大指数小幅收涨，纳指涨0.09%，标普500指数涨0.27%，道指涨0.43%，其中，纳指、标普500指数均创历史新高；大型科技股涨跌互现，特斯拉涨 4.7%，奈飞跌超2%；达美航空大涨12%引领旅游股走高，比特币概念股走高，Coinbase涨超4%。中概股涨跌互现，纳斯达克中国金龙指数收涨0.9%，阿里 巴巴涨超2%，网易跌超2%，小鹏汽车、京东跌超1%。 比特币盘中突破11.7万美元，继续刷新历史新高，日内涨超5%。 外交部：滥施关税不符合任何一方的利益 7月10日外交部发言人毛宁主持例行记者会，有记者问：美国总统特朗普宣布将对进口铜征收50%的关税，理由是国家安全，请问中方对此有何评论？毛宁 表示，这个问题我们立场非常明确，我们一贯反对泛化国家安全概念，我们也始终认为关税战、贸易战没有赢家，滥施关税不符合任何一方的利益。（央视 新闻） 商务部：已部署开展打击战略矿产走私出口专项行动 在7月10日下午召开的商务部例行新闻发布会上，新闻发言人就中国政府是否已采取相关措施打击关键矿产转运和走私行为的问题作出了回应。商务部新闻 发言人何咏前表示，锑和镓等战略矿产具有 ...

Core Points - The "Overseas Business and Borderless Trade Act" (OBBBA) signed by Trump on July 4, 2025, will systematically impact cross-border e-commerce, particularly affecting Chinese sellers [1][3] - The act abolishes the $800 de minimis exemption for imports, set to be fully implemented by July 1, 2027, leading to a projected 30%-50% increase in logistics costs for direct mail small packages [3][4] - The act includes potential tariffs and stricter immigration enforcement, which may increase operational risks for Chinese companies in the U.S. market [4][5] Cross-Border E-commerce Impact - The elimination of the de minimis rule will significantly raise costs for low-margin products, particularly affecting small package logistics [3][4] - A 10% base tariff on all imported goods is currently on hold but poses a risk for electronic and mechanical products [3][4] - Increased scrutiny on labor compliance due to a $100 billion budget for immigration enforcement will heighten risks for Chinese firms employing workers in the U.S. [4] Systematic Response Strategies for Chinese Sellers - Short-term strategies include cost optimization and compliance adjustments, such as transforming logistics models and strengthening supply chain compliance [5][6] - Long-term strategies involve diversifying supply chains and markets, upgrading products and brands, and capturing policy benefits through tax structure optimization and digital management systems [5][6] Action Timeline - By July-August 2025, companies should assess their reliance on the de minimis rule and initiate overseas warehouse collaborations or testing in Mexico [8] - By the end of 2025, companies should complete LLC registrations and supply chain compliance audits while exploring European and Latin American markets [8] - Between 2026 and 2027, companies should focus on transferring production capacity to Southeast Asia and Mexico, while developing high-margin product lines [8]

没想到很快又整了个大活儿... 事情是这样的（快速帮大家补课 这段时间，马斯克与特朗普就"大而美"税收和支出法案产生分歧。 6月30日，马斯克猛批特朗普力推的所谓"大而美"税收和支出法案并表示，如果法案通过，第二天就会成立"美国党"。 当地时间7月4日，马斯克在X上发文，说 "独立日是个绝佳的时机来问大家，你们是否希望摆脱两党（有人甚至说是一党）制？我们要不要创建'美国党'？" 前言 前些天我还在为马斯克"睡工厂"的新闻感到开心，刚觉得他安分了几天 结果投票有65.4%的人选择了"YES"。 紧接着，当地时间7月6日，他就正式宣布成立"美国党"。 （详情看图 这还没完， 在这条宣布成立"美国党"的帖子下，有网友问他的新政党是否会参加2026年中期选举或2028年的总统选举时，马斯克回复称：明年！ （真是应了"加菲猫动画片"里面的梗图 紧接着《纽约时报中文网》直接发文说： 在美国成立一个新的全国性政党可能比把人送上火星还难。 （有图有真相可真是太热闹了... 特斯拉还能拿吗？ 毫无疑问，马斯克最近的"整活儿"确实会对特斯拉股价产生影响。 毕竟，马斯克的个人色彩太强烈，以至于不少人担心："特斯拉的股价会不会崩盘？ ...

上海市锦天城（北京）律师事务所 关于江苏新日电动车股份有限公司 下简称《公司法》） 《上市公司股东会规则》等法律、法规、规章和其他规范性文 件以及《江苏新日电动车股份有限公司章程》 （以下简称《公司章程》）的有关规 定，本所委派律师（以下简称"本所律师"）见证本次股东会，并出具本法律意 见书。 法律意见书 法律意见书 上海市锦天城（北京）律师事务所 关于江苏新日电动车股份有限公司 法律意见书 致：江苏新日电动车股份有限公司 上海市锦天城（北京）律师事务所（以下简称"本所"）接受江苏新日电动 车股份有限公司（以下简称"公司"）委托，就公司召开2025年第二次临时股东 会（以下简称"本次股东会"）的有关事宜，根据《中华人民共和国公司法》 （以 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东会所涉及的相关事项 进行了必要的核查和验证，核查了本所认为出具该法律意见书所需的相关文件、 资料，并参加了公司本次股东会的全过程。本所保证本法律意见书所认定的事实 真实、准确、完整，所 ...

Core Insights - The rapid development of artificial intelligence technology is creating extensive opportunities in the market [1] Group 1: AI Developments - Keling AI launched the Ketu 2.1 model on July 10, achieving comprehensive upgrades in instruction adherence, aesthetic quality, and response capabilities across over 180 styles, with enhanced text generation effects [3] - Keling AI has generated over 344 million images and 168 million videos [3] Group 2: Company Investments and Performance - Morgan Stanley estimates Alibaba's investment in food delivery and flash purchase services reached approximately 10 billion RMB in the first fiscal quarter ending in June, with expectations for this investment to double to 20 billion RMB in the second fiscal quarter, impacting profitability [3] - Meta is reportedly offering a $200 million compensation package to attract AI talent, including a significant salary for a former Apple AI executive [3] Group 3: Corporate Strategies and Market Outlook - Microsoft claims to have saved $500 million through AI implementation while also conducting large-scale layoffs, with 35% of new product code generated by AI [4] - RBC analyst Tom Narayan maintains a "outperform" rating for Tesla, raising the target price from $307 to $319, indicating about a 7% upside potential despite ongoing challenges [5][6] - Narayan believes Tesla's product demand remains strong despite increasing competition in the electric vehicle market, supported by its technological leadership and brand premium [6] Group 4: Product Innovations - Apple is preparing to release the first hardware upgrade for its Vision Pro headset, expected to feature a more powerful M4 chip and improved comfort for long-term wear, with a launch anticipated by the end of this year [9] - OpenAI has completed a $6.5 billion acquisition of a hardware startup co-founded by former Apple design chief Jony Ive, integrating the io Products team into OpenAI while maintaining its independent design responsibilities [11][12][13]

Core Insights - The Xiaomi YU7 electric SUV has achieved a remarkable milestone by securing over 240,000 orders within 18 hours of its launch, marking a significant event in the automotive industry [1][4][6] - The phenomenon surrounding the YU7 transcends mere product sales, reflecting broader trends in technological innovation, market potential, and consumer confidence in China's economic future [3][10] Group 1: Sales Performance - The YU7 was launched on June 26, and within just 3 minutes, it received 200,000 pre-orders, ultimately surpassing 240,000 orders in 18 hours, setting a new global record in the automotive industry [4][6] - During the first 72 hours post-launch, the average order volume per store across 335 Xiaomi automotive outlets was between 800 to 900 units, with a lock-in rate of 75% to 80% [6][10] Group 2: Consumer Engagement - The YU7 has sparked significant consumer enthusiasm, with reports of some stores experiencing up to 800 test drive appointments in a single day, indicating high demand and interest [6][10] - The average age of customers placing orders for the YU7 is 33 years, with 30% being female and 52.4% being Apple users, showcasing a diverse consumer base [10][12] Group 3: Industry Impact - The success of the YU7 has prompted other electric vehicle manufacturers to offer incentives for customers to switch from competing brands, indicating a competitive response within the industry [7][10] - Tesla has responded to the YU7's launch by upgrading its Model 3 and Model Y vehicles in China, suggesting that the YU7's success has influenced market dynamics [7][10] Group 4: Economic Implications - The YU7's sales reflect a broader trend of consumer optimism and willingness to invest in innovative products, which is crucial for stimulating domestic demand in China's economy [12][14] - The automotive sector accounts for approximately 10% of Chinese household consumption, making it a vital area for economic growth and development [13][14] Group 5: Innovation and Market Dynamics - Xiaomi's approach with the YU7 emphasizes quality and innovation over low pricing, positioning it as a model for high-quality development in the automotive industry [13][14] - The YU7's pricing strategy, starting at over 250,000 yuan, challenges the traditional dominance of luxury brands in this price segment, indicating a shift in consumer preferences towards innovative domestic electric vehicles [12][14]

Core Points - The passage of Trump's "Big and Beautiful Act" marks a significant shift away from federal support for solar and wind energy, favoring fossil fuels instead [1][10] - The act is expected to have a profound impact on the U.S. and global renewable energy industries, leading to a decline in clean energy investments and potential job losses [2][9] Summary by Sections Impact on Renewable Energy - The "Big and Beautiful Act" tightens tax incentives for clean energy, particularly affecting investments in wind and solar power, which have historically relied on these tax credits [2] - The act stipulates that solar and wind projects operational after 2027 will no longer receive tax credits, indicating a potential decline in U.S. clean energy investments [2] - Consulting firm Rhodium Group estimates that the cancellation of clean energy tax incentives could reduce the construction of solar, wind, and storage projects by 57% to 72% by 2035 [8] Electric Vehicle Sector - The act terminates the $7,500 tax credit for new electric vehicle purchases and the $4,000 credit for used electric vehicles, likely leading to a decrease in electric vehicle penetration in the U.S. [2][3] - Experts suggest that the act will harm not only U.S. electric vehicle companies but also allies like South Korea and Japan, which have invested in U.S. manufacturing [3] Foreign Entity Restrictions - The act imposes strict restrictions on investments from "Prohibited Foreign Entities" (PFE), which includes companies from countries like China, Russia, and Iran, limiting their access to energy tax credits [4][5] - Companies must ensure that over 60% of their components are sourced outside of China to qualify for tax credits, a requirement that will increase to 85% by 2030 [4] Economic and Political Implications - The act is seen as a move towards protectionism, aiming to bolster domestic industries while weakening foreign competition, particularly from China [5] - The act's implementation may freeze project financing in the clean energy sector, as the time from project initiation to operation can span several years [5][8] Broader Consequences - The act is expected to increase electricity prices for consumers, with average household electricity costs projected to rise by 7.3% and business costs by 10.6% [8] - The shift away from clean energy initiatives may hinder global climate governance efforts, as the U.S. is a major carbon emitter [8][10]

7月8日，坐拥800余万粉丝、认证信息为资深车评人的韩路发布消息称，重庆宗申在新品发布 会上发布两款新型电动三轮车，分别命名为"智界S300""问界Q1p"。 据了解，智界、问界均都是鸿蒙智行旗下热门汽车品牌。其中，奇瑞汽车股份有限公司2020 年就已注册通过"智界"商标，而赛力斯汽车有限公司也持有多枚"问界"相关商标。 令围观网友好奇的是，一场非汽车企业发布会上为何会出现智界、问界相关字眼。 不少声音质疑宗申此举有"碰瓷"鸿蒙智行旗下汽车品牌"智界""问界"之嫌。 对此，"宗申智慧出行"官方公众号在今日（7月10日）发布致歉声明称，公司充分认识到发布 和直播的内容不当，已立即整改相关产品命名，下架并停止传播所有相关争议内容，全面加 强内部审核机制。 图片来源：韩路微博 查询官网发现，该公司的电动三轮车产品命名包括霹雳、悍擎、途威等，三轮摩托车产品则 以鸿运当头、金运来、火云龙等命名。 天眼查显示，重庆宗申车辆有限公司现由宗申产业集团有限公司、袁理、袁德山共同持股， 分别持有51%、34.3%、14.7%，股权穿透后"重庆摩托车大王"左宗申为实际控制人。 至于落款的另一家公司江苏宗申电动车有限公司成立于201 ...